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A widely followed crypto analyst and trader is expressing bullish sentiment on an altcoin in the Solana (SOL) ecosystem that has skyrocketed by triple digits in four weeks.

The stellar rise of Dogwifhat (CRYPTO: WIF) has made it just the latest dog-themed member of the $2 billion valuation club. Dog-themed meme coins, currently 36 in total, boast a combined market capitalization of $47.3 billion, according to Coingecko data.

The decline in open interest and volume may fuel the recovery.

With the crypto market recovering, meme coins such as PEPE, WIF, BONK, and MYRO are all back in the spotlight as they make their way toward new all-time highs.

Soaring meme coin trading volumes pushed Solana's native coin, SOL, back to the 2-year high it saw on Tuesday when Bitcoin was rallying.

Solana's memecoin Dogwifhat (WIF) briefly flipped Bonk (BONK) as the network's leading memecoin by market capitalization.

The Bitcoin (CRYPTO: BTC) year-to-date surge of almost 60% captured most attention, but it paled in comparison to the massive gains of memecoins like Shiba Inu (CRYPTO: SHIB), Dogecoin (CRYPTO: DOGE), Dogwifhat (CRYPTO: WIF) and Bonk (CRYPTO: BONK). Benzinga took a look at what factors were driving this resurgence in memecoin prices and how established memecoins have a leg up on their new rivals.

In recent developments within the cryptocurrency market, Solana's meme coin, Dogwifhat (WIF), has experienced a significant surge of 48% over the past 24 hours. This surge has propelled the trading value of Dogwifhat to over $2.

Solana price forecast: SOL has witnessed an impressive surge in its value, showcasing a robust performance in the cryptocurrency market. Since October, the value of SOL Coin has skyrocketed, registering an increase of more than 500%, indicating a bullish trend.

Meme coins have dominated crypto headlines, as Dogwifhat has recorded a nearly 50% price increase in the last day following the Binance listing.

It's a dog coin battle on Solana as BONK and WIF swap spots, if only temporarily. Will Dogwifhat take a permanent lead?

Dogwifhat crypto is gaining on Wednesday after reaching a new all-time high following its listing on the Binance exchange yesterday.

The crypto could surpass BONK in the market capitalization ranking.

Solana's Dogwifhat (WIF) has seen a remarkable 50% surge in the last 24 hours, outperforming BONK and DOGE in the meme coin craze. The surge is driven by expectations of more exchange listings, propelling Dogwifhat to over $2 with a 129% increase in trading volume, reaching $1.3 billion.

The current uncertainty in the markets does not seem to affect some of them.

Solana-based memecoin dogwifhat has gained over 50% since its listing on Binance yesterday to reach a new all-time high of around $2.16.

Dogwifhat is still riding high after it was listed on Binance earlier this week. Could it flip fellow Solana meme coin BONK?

The meme coins have gained notable traction lately, amid a price rally of the major players in the segment, especially the Solana-based dogwifhat (WIF). However, recent retreats in the prices of top contenders like Shiba Inu (SHIB) and Dogecoin (DOGE) have stirred speculation about the sustainability of the meme coin frenzy.

Some meme coins are surging in anticipation of more exchange listings in the coming months.

Crypto enthusiasts are hunting for profitable opportunities as several coins record impressive gains. Bulls have dominated the digital asset class lately, pushing Bitcoin (BTC) prices past historical highs on Tuesday. With major players such as Bitcoin somewhat inaccessible, alts Cardano (ADA), Dogwifhat (WIF), and the innovative Bitcoin Dogs ($0DOG) attract attention amid portfolio modifications.

Solana-based meme coins are shaping up to be the winners of this cycle as they gain widespread acceptance from crypto investors. Two major meme coins from this demographic have also hit another major milestone, with listings on the world's largest crypto exchange, Binance.

Dogwifhat (CRYPTO: WIF) rebounded from a price dip after Binance announced the token would be listed for spot trading, prompting bullish trader predictions. What Happened: Cryptocurrency exchange Binance announced on its X (formerly Twitter) account that Dogwifhat will be listed for spot trading.

A trader's $310 investment into the Solana (SOL)-based memecoin dogwifhat (WIF) is now valued at more than $4.1 million, according to the crypto tracker Lookonchain. Lookonchain notes the trader used 5.288 SOL worth $310 to buy 2.58 million WIF in late November. The value of that WIF has since skyrocketed by 13,307x.

Despite its meme-inspired origins, WIF has captured significant attention from investors, experiencing a remarkable 2,750% growth.